IQ MacKay Shields Municipal Intermediate ETF (MMIT)
|Ex-Dividend Date||Oct 1, 2021|
|Day's Range||26.56 - 26.61|
|Inception Date||Oct 18, 2017|
The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.
Top 10 Holdings12.00% of assets
|Fidelity® Inv MM Fds Treasury Only I||N/A||2.46%|
|CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5.25%||N/A||1.51%|
|ILLINOIS ST 5%||N/A||1.10%|
|TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0.767%||N/A||1.09%|
|NEW YORK ST URBAN DEV CORP ST SALES TAX REV 5%||N/A||1.08%|
|California Statewide Cmntys De Bds 4%||N/A||1.03%|
|CONNECTICUT ST 5%||N/A||1.02%|
|BOLINGBROOK ILL 0%||N/A||0.95%|
|HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4%||N/A||0.89%|
|VAN BUREN MICH PUB SCHS 4%||N/A||0.86%|
|Oct 1, 2021||$0.029||Oct 7, 2021|
|Sep 1, 2021||$0.03059||Sep 8, 2021|
|Aug 2, 2021||$0.02981||Aug 6, 2021|
|Jul 1, 2021||$0.02562||Jul 7, 2021|
|Jun 1, 2021||$0.03068||Jun 7, 2021|
|May 3, 2021||$0.03261||May 7, 2021|
As the municipal bond market absorbs more inflows. assets like the IQ MacKay Municipal Intermediate ETF (MMIT) are worth considering.
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